60,000 Bitcoins dumping, will the market still fall?
The reason for this significant fall may also be due to the UK government's actions. The UK is seeking to sell 60,000 seized Bitcoins. Similar to Germany at that time, but this time the intensity is greater, worth more than five billion. The dumped Bitcoin can retain about 90% of the profit, and the rest will be returned to the victims of the fraud case. This is a long-term and certain selling pressure, so Bitcoin will very likely maintain at the bottom for at least about a month, hoping that the bull market hasn't ended by then $BTC .
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60,000 Bitcoins dumping, will the market still fall?
The reason for this significant fall may also be due to the UK government's actions.
The UK is seeking to sell 60,000 seized Bitcoins.
Similar to Germany at that time, but this time the intensity is greater, worth more than five billion.
The dumped Bitcoin can retain about 90% of the profit, and the rest will be returned to the victims of the fraud case.
This is a long-term and certain selling pressure, so Bitcoin will very likely maintain at the bottom for at least about a month, hoping that the bull market hasn't ended by then $BTC .